Buying a new home continues to become more affordable as weakening housing demand results in ongoing negative real price growth (after inflation) in the residential property market.

Although a date is yet to be set for the implementation of the looming Rental Housing Amendment Act, many of the proposed changes, including criminal liability for non-compliant landlords, have sparked considerable concern.

Property statistics for the second quarter (Q2 2018) released by ooba, South Africa’s leading home loan originator, indicate that banks remain positive about the home loan lending environment despite continuing negative real growth in average property prices nationally.

Brackenfell, thought by many property trend watchers to be the precinct that now offers the best value for money and the best capital growth prospects.

Cape Town’s De Waterkant area is renowned for its central location, history, restaurants, shopping and all-round accessibility – and now property buyers have a rare opportunity to enjoy it all at close quarters.

White buyers for the first time make up less than 50% of the local home-buyer population in the fourth quarter of last year, according to FNB's latest estate agent survey.

The current lending climate is tough for first time buyers particularly with the stringent National Credit Act requirements and the worldwide recession affecting banks and how strict they are when it comes to approving home loans.

Thursday, 27 September 2012 13:59

Eastern Cape Farm interest improving

The worldwide economic recession has had a severe impact on farm sales countrywide, and the Eastern Cape’s farm sector has suffered accordingly. Gone are the days when buyers arrived with open cheque books and bought whatever they could.

Tuesday, 29 March 2005 02:00

Developers hamstrung by SARS

DEVELOPERS were up in arms this week after the Johannesburg office of the South African Revenue Services (SARS) allegedly refused to grant transfer duty receipts to property buyers whose tax affairs were not in order.

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